June 2, 2018 / 1:55 AM / 3 months ago

Germany's Scholz says U.S. grasps EU tariff concerns

WHISTLER, British Columbia, June 1 (Reuters) - The United States appears to have understood Europe’s concerns about its latest tariffs on steel and aluminium imports, possibly paving the way for a solution at some point in the future, German Finance Minister Olaf Scholz said on Friday.

“We must find a way to get out of this. That was said clearly by everyone and I think it was even taken on board (by the United States),” Scholz told reporters after a meeting of finance ministers from the G7 group of rich nations in the Canadian mountain resort of Whistler.

“To that extent, we have laid a foundation to come to a better outcome at some point,” he added.

Scholz reiterated that he viewed the U.S. tariffs as “unacceptable” and “against the law”. (Reporting by Gernot Heller; Writing by David Milliken; Editing by Sandra Maler)

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